Report Ocean published a recovery-based report for ‘Global Agritourism Market’ that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2032) and develops reliable and approximative timeline estimations up to 2032.
Global Agritourism Market is valued approximately USD 213.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.3 % over the forecast period 2020-2027.
Agritourism is a form of travelling that links agricultural activities with tourism to attract visitors onto a farm, ranch, or other agricultural business majorly for entertainment and education. Also, the Agritourism is used for improving the economy through agriculture. Major drivers like pollution free environment, fresh foods, recreation activities and health benefits related with agriculture have been influencing people for inbound and outbound agritourism.
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Further, agritourism has been helping to improve the economic growth and socio-cultural integration with rural areas. Innovative services like music festivals, food festivals, traditional events and other special events attract more tourists. Also, tourists choosing a place which provides them peaceful recreation value away from city life and people who like to be close with nature. Increasing government initiatives have made tourists more aware and traditional farmers are able to earn extra income throughout the year. For Instance: as per the official record of Indian Government, in 2005, Agri-Tourism Development Corporation was established to develop and promote agritourism by creating job opportunities for the farmers. In 2016, Farm Tourism Development Act (Republic Act 10816) was launched by the government of Philippines to promote and develop farm tourism in the country. However, an increase in the cost due to additional workers & subcontractor labor costs, animal-human health concerns, irresponsible tourism can harm the environment and can impede the growth of the market over the forecast period of 2020-2027. Also, the increasing government initiatives, regulations, proper tourism management creates an opportunity for the market.
The regional analysis of global Agritourism Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the already established tourism sector and increasing number of agritourism farms. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population, awareness about agritourism through rising online services, nature seeking tourists, better government regulations, focusing on increasing the farmers income and improving agricultural infrastructure would create lucrative growth prospects for the Agritourism Market across Asia-Pacific region.
Major market player included in this report are:
Expedia Group
Domiruth PeruTravel
Quadrant Australia
Select Holidays
Star Destinations
Trump Tours
Farm To Farm Tours
Kansas Agritourism
A.C.T. Tours
AL VERNETO
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Overnight Stay
Special Events & Festivals
Off the Farm
Recreation Activities & Events
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
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